{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T14:03:28-04:00", "answer_date": "2024-05-26 14:03:28", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1742739", "url": "\/study-help\/questions\/the-following-transactions-are-july-activities-of-bennetts-bowling-inc-1742739", "question_creation_date_js": "2024-05-26T14:03:28-04:00", "question_creation_date": "May 26, 2024 02:03 PM", "meta_title": "[Solved] The following transactions are July activ | SolutionInn", "meta_description": "Answer of - The following transactions are July activities of Bennett's Bowling, Inc., which operates several bowling centers, off | SolutionInn", "meta_keywords": "transactions,july,activities,bennett,s,bowling,inc.,operates,centers,offering,customers,lanes", "question_title_h1": " The following transactions are July activities of Bennett's Bowling, Inc., which operates several bowling centers, offering customers lanes for games and merchandise for sale.", "question_title": " The following transactions are July activities of Bennett's Bowling, Inc., which", "question_title_for_js_snippet": "The following transactions are July activities of Bennett's Bowling, Inc , which operates several bowling centers, offering customers lanes for games and merchandise for sale e Bennett's provided to customers bowling merchandise inventory costing Bennett's $5,090 Consider only the effect on cost of goods sold expense here Do not consider sales revenue for this question f Bennett's paid $2,800 on the electricity bill for June (recorded as an expense in June) g Bennett's paid $4,000 to employees for work in July h Bennett's purchased $2,700 in insurance for coverage from August 1 to November 1 i Bennett's paid $2,200 to plumbers for repairing a broken pipe in the restrooms J Bennett's received the July electricity bill for $3,700 to be paid in August For each of the above transactions, complete the tabulation, indicating the amount and effect ( for increase and for decrease) of each transaction (Remember that A L SE R ENI and NI affects SE through Retained Earnings ) The first transaction is provided as an example (Reductions in account balances and loss amounts should be indicated with a minus sign ) Answer is not complete Balance Sheet Income Statement Stockholders' Assets Liabilities Revenues Expenses Equity e (5,090) (5,090) 5,090 Net Income (5,090) f (2,800) (2,800) g (4,000) (4,000) 4,000 (4,000) h i (2,200) (2,200) 2,200 (2,200) j ", "question_description": "\"image", "transcribed_text": "The following transactions are July activities of Bennett's Bowling, Inc., which operates several bowling centers, offering customers lanes for games and merchandise for sale. e. Bennett's provided to customers bowling merchandise inventory costing Bennett's $5,090. [Consider only the effect on cost of goods sold [expense] here. Do not consider sales revenue for this question.] f. Bennett's paid $2,800 on the electricity bill for June (recorded as an expense in June). g. Bennett's paid $4,000 to employees for work in July. h. Bennett's purchased $2,700 in insurance for coverage from August 1 to November 1. i. Bennett's paid $2,200 to plumbers for repairing a broken pipe in the restrooms. J. Bennett's received the July electricity bill for $3,700 to be paid in August. For each of the above transactions, complete the tabulation, indicating the amount and effect (+ for increase and - for decrease) of each transaction. (Remember that A=L+SE; R-ENI; and NI affects SE through Retained Earnings.) The first transaction is provided as an example. (Reductions in account balances and loss amounts should be indicated with a minus sign.) Answer is not complete. Balance Sheet Income Statement Stockholders' Assets Liabilities Revenues Expenses Equity e. (5,090) (5,090) 5,090 = Net Income (5,090) f. (2,800) (2,800) g. (4,000) (4,000) 4,000 (4,000) h. i. (2,200) (2,200) 2,200 (2,200) j.", "related_book": { "title": "Fundamental accounting principle", "isbn": "1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587", "edition": "21st edition", "authors": "John J. Wild, Ken W. Shaw, Barbara Chiappetta", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/267.jpg", "uri": "\/textbooks\/fundamental-accounting-principle-21st-edition-267", "see_more_uri": "" }, "free_related_book": { "isbn": "B0C995VCDT", "uri": "\/textbooks\/canuan-indoor-over-the-door-basketball-hoop-with-2-balls-basketball-accessories-b0c995vcdt-114771", "name": "Canuan Indoor Over The Door Basketball Hoop With 2 Balls Basketball Accessories", "edition": "" }, "question_posted": "2024-05-26 14:03:28", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/solve-system-of-equation-2244-81y-9-solve-the-541875", "description": "solve system of equation: 22-4=4 81+y = -9 @solve the system of equation: x-Y = -5 xy = -3 find larger and smuller value and intersection point. 3) Solve following system of equation 2 x+y=0- 2 x -...", "stars": 3.5 }, { "url": "\/leonatti-labs-yearend-price-on-its-common-stock-is-15", "description": "Leonatti Labs year-end price on its common stock is $15. 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